Fast-growing IT firm attracts £2m investment
One of the North’s fastest growing small tech firms has secured £2m funding to boost its management team and expand its sales and marketing teams.
The significant investment is the single largest investment to date since the Northern Powerhouse Investment Fund was launched in February last year.
Sheffield-based Azzure IT works with organisations throughout the UK, ranging from SMEs to larger not for profit enterprises.
The funding will enable Azzure to strengthen its management team, recruit additional consultants and expand sales and marketing operations. Overall this will create around 12 new jobs over the year ahead.
Founded in 2011, by Craig and Sharon Such, Azzure IT has achieved significant growth over the years and now employs 57 people.
Will Clark, Joint Fund Manager of NPIF – Mercia Equity Finance, said: “Azzure IT’s success is due to its focus on service, quality and the ability to deliver real-world solutions to meet its clients’ challenges. Founded in the last economic downturn, the company itself used technology to take on emerging market challenges and to thrive and grow. Its goal is to support other growing businesses to achieve digital transformation. The funding will allow the business to scale up to meet growing demand and create 12 new jobs in Yorkshire.”
Neil MacDonald of the Sheffield City Region Local Enterprise Partnership said: “This sort of project is exactly why we’ve invested in NPIF and the British Business Bank. This is all part of our wider package of funding to support business across the Sheffield City Region. The ‘let’s get it done’ work-ethic in Sheffield City Region harnesses drive and ambition. With everyone pulling together, and a significant sense of community, we are achieving transformation and building a thriving economy. This is helping to attract, retain and develop skills in the region which are so important for the SCR’s sustainable growth.”